Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 52,677, 25,132 total housing units (homes and apartments), and a median house value of $823,446, Hoboken house prices are not only among the most expensive in New Jersey, Hoboken real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Hoboken, accounting for 76.45% of the city's housing units. Other types of housing that are prevalent in Hoboken include duplexes, homes converted to apartments or other small apartment buildings ( 18.81%), row houses and other attached homes ( 3.17%), and a few single-family detached homes ( 1.48%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Hoboken is dominated by renter-occupied one, two, or no bedrooms apartments. 68.11% of Hoboken's dwellings are rentals.
The housing in Hoboken was primarily built before 1939 ( 36.18%), making the housing stock in Hoboken some of the oldest overall in America, although there is a range of ages of homes in Hoboken. The next most important housing age is between 2000 and later ( 28.34%), followed by between 1970-1999 ( 20.42%). There's also some housing in Hoboken built between 1940-1969 ( 15.06%).
Appreciation rates for homes in Hoboken have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.30%, which ranks in the top 30% nationwide. This equates to an annual average Hoboken house appreciation rate of 3.52%.
Over the last year, Hoboken appreciation rates have trailed the rest of the nation. In the last twelve months, Hoboken's appreciation rate has been 3.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hoboken were at 0.72%, which equates to an annual appreciation rate of 2.90%.
Notably, Hoboken's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Jersey, our data show that Hoboken's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hoboken differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hoboken - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hoboken real estate investment or home purchase decisions.
|$903,001 - $1,204,000||19.8|
|$602,001 - $903,000||35.8|
|$481,001 - $602,000||10.7|
|$361,001 - $481,000||9.3|
|$241,001 - $361,000||2.0|
|$120,001 - $241,000||0.7|
|$60,001 - $120,000||0.7|
|$0 - $60,000||0.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Hoboken HOMES|
|2000 or Newer||28.3|
|1970 - 1999||20.4|
|1940 - 1969||15.1|
|1939 or Older||36.2|
|TYPE OF Hoboken HOMES|
|Small Apt. Buildings||18.8|
|SIZE OF Hoboken HOMES|
|5 or more bedrooms||0.95|